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A fractional CTO is someone who provides leadership, strategy, and sometimes implementation for entrepreneurs or businesses who can't afford a full-time CTO. It allows entrepreneurs to access CTO insights at a fraction of the cost of hiring a full-time CTO.
They have three tiers: solo-preneur, entrepreneur, and enterprise, based on the size and revenue of the organization. Pricing is determined by the business goals and outcomes to be achieved, rather than hourly rates or fixed hours.
They focus on demos and qualitative goals to gauge progress and determine client satisfaction. They set demo schedules and establish how clients should feel at each stage, rather than relying on metrics that may not accurately reflect progress.
Their sales cycle typically lasts 2 to 4 weeks, with a high close rate of around 95%. James conducts extensive research on potential clients, reaching out through various channels to offer value and discuss their specific goals.
James Williams of Cofebe.com joined me on Ditching Hourly to give what amounted to a masterclass on how to avoid failure and delight clients as a fractional CTO.
“The chance of failure increases proportionally with you accepting what the client tells you what to do.”
“If you accept 100% of your client’s suggestions and three months from they can’t launch or it fails, guess whose fault that is.”
“If you keep the narrative on the goal, you can avoid debates about scope.”
“I lead with questions from the back.”
“I ask a trillion questions upfront to disqualify prospects before considering pricing.”
“I’d rather take the advisory part and use the client’s dev team whenever possible.“
“I’d rather use their team than mine.”
”We don’t even do scope of work.“
“It’s not about the hours. It’s about the outcomes.”
“To guide the engineers, I write paragraphs on how the client should feel at every demo and what the qualitative goal should be.“
“My goal is always to get smaller, not bigger.”
James’ Links
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Things like:
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To book your one-on-one coaching call, go to:
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